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Business News

Ottawa gives updated deal to federal union that signed agreement before PSAC strike

Ottawa gives updated deal to federal union that signed agreement before PSAC strike

Jun 6, 2023 / 9:22 am

The federal government has given an updated deal to a public-service union that signed its collective agreement in the fall in order to match deals reached with...

OpenAI CEO suggests international agency like UN's nuclear watchdog could oversee AI

OpenAI CEO suggests international agency like UN's nuclear watchdog could oversee AI

Jun 6, 2023 / 9:19 am

Artificial intelligence poses an “existential risk” to humanity, a key innovator warned during a visit to the United Arab Emirates on Tuesday,...

Construction companies say digital technology key to addressing labour shortages

Construction companies say digital technology key to addressing labour shortages

Jun 6, 2023 / 9:17 am

Nine in 10 Canadian construction companies say they are dealing with a shortage of skilled labour or trades and may need to consider alternatives, such as...

SEC brings charges against cryptocurrency trading platform Coinbase

SEC brings charges against cryptocurrency trading platform Coinbase

Jun 6, 2023 / 8:54 am

The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform...

Teck Resources receives indications of interest for steelmaking coal business

Teck Resources receives indications of interest for steelmaking coal business

Jun 6, 2023 / 7:24 am

Teck Resources Ltd. says it has received a number of indications of interest regarding potential transactions involving the company's steelmaking coal...

Microsoft will pay $20M to settle U.S. charges of illegally collecting children's data

Microsoft will pay $20M to settle U.S. charges of illegally collecting children's data

Jun 6, 2023 / 7:13 am

Microsoft will pay a fine of $20 million to settle Federal Trade Commission charges that it illegally collected and retained the data of children who signed up...

Near miss safety incident on ExxonMobil offshore platform

Near miss safety incident on ExxonMobil offshore platform

Jun 6, 2023 / 6:50 am

Canada's offshore oil and gas regulator says there was a "near miss" on ExxonMobil's Hebron platform in late May. The Canada-Newfoundland and...

Credit card balances increase in first quarter as mortgage market slows: Equifax

Credit card balances increase in first quarter as mortgage market slows: Equifax

Jun 6, 2023 / 6:28 am

Equifax Canada says credit demand was high in the first quarter of the year while the mortgage market saw a significant slowdown. The agency says in its latest...

Apple unveils sleek, $3,500 'Vision Pro' goggles. Will they be what VR has been looking for?

Apple unveils sleek, $3,500 'Vision Pro' goggles. Will they be what VR has been looking for?

Jun 5, 2023 / 12:29 pm

Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology...

Binance mishandled funds and violated securities laws, according to SEC lawsuit

Binance mishandled funds and violated securities laws, according to SEC lawsuit

Jun 5, 2023 / 11:19 am

The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered...

Thousands of users report problems with Microsoft's email platform

Thousands of users report problems with Microsoft's email platform

Jun 5, 2023 / 9:44 am

Thousands of Microsoft Outlook users reported issues with accessing and using the email platform Monday morning. Microsoft 365 outage and problem reports peaked...

Flair tops Canadian airlines with 15 complaints per 100 flights

Flair tops Canadian airlines with 15 complaints per 100 flights

Jun 5, 2023 / 8:53 am

The Canadian Transportation Agency says Flair Airlines Ltd. has the highest number of complaints per 100 flights of all the major airlines in Canada, as...

Real or AI? Europe seeks label as it fights disinformation

Real or AI? Europe seeks label as it fights disinformation

Jun 5, 2023 / 6:38 am

The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other...

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

Jun 5, 2023 / 6:30 am

Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada will release its latest interest rate decision on...

Pride becomes a minefield for big companies, but many continue their support

Pride becomes a minefield for big companies, but many continue their support

Jun 5, 2023 / 6:13 am

Many big companies, including Target and Bud Light's parent, are still backing Pride events in June despite the minefield that the monthlong celebration has...

The awkward economic truth: A recession might be just what Canada needs

The awkward economic truth: A recession might be just what Canada needs

Jun 4, 2023 / 5:40 pm

This time last year, the R-word was on everyone’s lips – and panic was setting in. With energy prices soaring and consumers rushing back to...

Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

Jun 4, 2023 / 5:30 pm

Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to...

BoC may have to raise rates again this summer given recent momentum, economists say

BoC may have to raise rates again this summer given recent momentum, economists say

Jun 4, 2023 / 7:15 am

Momentum in the Canadian economy is spurring speculation that a rate hike is on the way, but economists don't expect the Bank of Canada to pull the trigger...

Twitter executive responsible for content safety resigns after Elon Musk criticism

Twitter executive responsible for content safety resigns after Elon Musk criticism

Jun 3, 2023 / 3:25 pm

A top Twitter executive responsible for safety and content moderation has left the company, her departure coming soon after owner Elon Musk publicly complained...

One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

Jun 2, 2023 / 6:10 pm

More than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the...

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